On today’s episode of The Cryptoverse:
Yes, the weakening yuan is responsible for the rise in the price of Bitcoin.
But what about some other efforts that have been playing complementary roles to push the top digital currency’s price to a level that is far higher than what we have experienced in previous years?
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[The Original Article on The Cointelegraph](https://cointelegraph.com/news/bitcoin-price-on-path-of-no-return-with-yuan-hodling-institualization-being-factors)
[Bitcoin Price Chart on BitcoinWisdom.com](https://bitcoinwisdom.com/markets/bitstamp/btcusd)
[Average Number of Bitcoin Transactions Over The Last 6 Months](https://blockchain.info/charts/n-transactions-per-block?timespan=180days)
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